Look out for levels of 80 for Chambal Fertilisers: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com, in a chat with ET Now talks about Chambal Fertilisers and the fertiliser space.

What is your take on fertiliser stocks on the charts?

Fertiliser stocks look interesting but that breakout to a one month high or thereabouts, which would confirm an uptrend, is still to happen. Look out for levels of 80 for Chambal Fertilisers and 31 for Nagarjuna Fertilisers. They are not far from there - 2% or 3%. A move in that direction would imply pre-Budget move or maybe if something comes out of the meeting they are talking about materialises, it can start them off.